International Fintech Institute to be set up

March 18, 2024

The government and the Asian Development Bank (ADB) signed a USD 23 million loan agreement to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City.
- GIFT City is an initiative of the Centre and the Gujarat government to foster India’s financial services and fintech ecosystem.
As per the loan agreement, a fintech institute will be set up at GIFT City.
The project will establish International Fintech Institute (IFI) to strengthen fintech education, boost startup success rates, and drive fintech research and innovation.
The IFI, to be established in partnership with globally reputed institutes and universities, will offer industry-aligned fintech training programmes that meet international standards.
The institute will strengthen innovation and entrepreneurship by supporting startups, especially women-led, through incubation and acceleration services.
It will also collaborate with industry and venture capital funds to support the growth of fintech startups.